It is a cross between a partnership and a corporation, that combines the most favorable features of both. More specifically, it allows for the free-form management and operational flexibility of a partnership as well as the partnership tax advantages. Additionally, it provides the same shield from personal liability to its members and managers that is characteristic of the corporate form.
It is a cross between a partnership and a corporation, that combines the most favorable features of both. More specifically, it allows for the free-form management and operational flexibility of a partnership as well as the partnership tax advantages. Additionally, it provides the same shield from personal liability to its members and managers that is characteristic of the corporate form.It is a cross between a partnership and a corporation, that combines the most favorable features of both. More specifically, it allows for the free-form management and operational flexibility of a partnership as well as the partnership tax advantages. Additionally, it provides the same shield from personal liability to its members and managers that is characteristic of the corporate form.
